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Eaton CEO Cutler's Compensation Rises 50%

By

James R. Hagerty

March 18, 2011 7:39 a.m. ET

Eaton Corp. increased Chief Executive Alexander "Sandy" Cutler's 2010 compensation by about 50%, the company said in a securities filing Friday.

The Cleveland-based maker of electrical and hydraulic parts for machinery and vehicles reported Mr. Cutler's total compensation was $12.8 million, up from $8.5 million a year earlier. The jump mainly reflected a rise in his bonus payments to about $6.7 million from $575,000.